Eastman Kodak was fired on Tuesday after President Donald Trump announced an agreement to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. Kodak shares soared over 60% in extended trading. The shares tripled during Tuesday’s regular exchange for its best day …
Read More »Victoria’s Secret parent L Brands (LB) to cut 15% of corporate jobs
A pedestrian passes a closed and boarded Victoria’s Secret store on Robson Street during the COVID-19 crisis on April 17, 2020 in Vancouver, Canada. Andrew Chin | fake pictures Victoria’s Secret owner L Brands said Tuesday that he is preparing to cut 15% of his corporate workforce, or about 850 …
Read More »AMC and Universal make an agreement to shorten the days that a film needs to be screened in theaters before going digital
Frame from “Trolls World Tour”. Universal The dispute between AMC Theaters and Universal Pictures, which started with the release of the video-on-demand for “Trolls: World Tour” in March, ended. On Tuesday, the two companies announced an agreement for AMC to show Universal movies on the big screen once again and …
Read More »Starbucks (SBUX) third quarter 2020 earnings
People wear protective face masks outside of Starbucks in downtown as the city moves to Phase 2 of reopening after restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City. Noam Galai | fake pictures Starbucks suffered losses during its fiscal third quarter, as its …
Read More »Plateau of restaurant transactions as coronavirus cases increase
As coronavirus cases in the United States increase and many states relocate food indoors, restaurant transactions have stagnated. The NPD Group tracks transactions at 75 restaurant chains that account for more than half of total commercial restaurant traffic in the United States. According to their data, the US restaurant industry …
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